NEW YORK, July 21, 2016 /PRNewswire/ -- "Increasing
integration of ACR in smart TVs, and second screen devices such as
smartphones and wearables is expected to drive the overall
market"
The automatic content recognition market size is estimated to grow
from USD 0.94 billion in 2016 to
USD 3.57 billion by 2021, at a
Compound Annual Growth Rate (CAGR) of 30.6% due to the increasing
integration of ACR in smart TVs, and second screen devices such as
smartphones and wearables, and increasing deployment of ACR
technologies by media companies for applications such as broadcast
monitoring and audience measurement.
"Audio, video, and image recognition solution to dominate during
the forecast period"
In 2016, audio, video, and image recognition solution is expected
to dominate the solution segment in the ACR market as it is the
most sought after solution, which helps in identifying all types of
media content in the ACR market. Consumer electronics is the
fastest-growing vertical in this market as the electronics
manufacturing companies are increasingly embedding ACR technology
in the smart devices such as TVs and mobile handsets. Professional
services commands the major share in ACR services market as these
services are necessary for the successful implementation of ACR
platforms and technologies.
"Asia-Pacific (APAC) is
projected to witness highest growth during the forecast
period"
North America is expected to hold
the largest market share of the ACR market in 2016 due to developed
media & entertainment industry in the region. APAC is expected
to have the highest growth rate during the forecast period
attributing to the increasing technological adoption and growing
number of ACR technology enabled smart devices in countries such as
China, Japan, Australia, and India.
In the process of determining and verifying the market size for
several segments and sub segments gathered through secondary
research, extensive primary interviews were conducted with key
industry personnel. The break-up of profile of primary discussion
participants is given below.
- By Company Type: Tier-1 (35%), Tier-2 (45%), and Tier-3 (20%)
companies
- By Designation: C-level (35%), Director Level (25%), and Others
(40%)
- By Region: North America (45%),
Europe (20%), APAC (30%), and Rest
of World (5%)
The list of ACR vendors profiled in the report is as
follows:
1. ArcSoft, Inc. (U.S.)
2. Digimarc Corporation (U.S.)
3. Google, Inc. (U.S.)
4. Microsoft Corporation (U.S.)
5. Nuance Communications (U.S.)
6. ACRCloud (China)
7. Audible Magic Corporation (U.S.)
8. Civolution (U.S.)
9. Enswers, Inc. (South Korea)
10. Gracenote, Inc. (U.S.)
11. Mufin GmbH (Germany)
12. Shazam Entertainment Ltd. (U.K.)
13. Vobile, Inc. (U.S.)
14. VoiceInteraction SA (Portugal)
15. Beatgrid Media BV (The
Netherlands)
16. Clarifai, Inc. (U.S.)
17. DataScouting (Greece)
18. iPharro Media GmbH (Germany)
19. Viscovery Pte. Ltd. (Taiwan)
20. VoiceBase, Inc. (U.S.)
The report will help the market leaders/new entrants in this
market in the following ways:
1. This report segments the ACR market comprehensively and provides
the closest approximations of the revenue numbers for the overall
market and the sub segments across different verticals and
regions.
2. The report helps the stakeholders understand the pulse of the
market and provides them information on key market drivers,
restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the
competitors and gain more insights to better their position in the
business. The competitive landscape section includes competitor
ecosystem, new product developments, partnerships, and mergers
& acquisitions.
Read the full report:
http://www.reportlinker.com/p03971184-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution.
Reportlinker finds and organizes the latest industry data so you
get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/automatic-content-recognition-market-by-solution-by-service-by-technology-by-vertical---global-forecast-to-2021-300302548.html
SOURCE Reportlinker